Loading...

GAS completes deal with seaweed biorefinery company, Oceanium

Investors in this round: Led by Green Angel Syndicate with World Wildlife Fund

Oceanium, the UK-based seaweed processing and food & material innovation business has announced the first close of a Seed II Round worth ~£2m ($2.7m, €2.3m) led by Green Angel Syndicate with World Wildlife Fund. Oceanium will use the funds to scale up its proprietary biorefinery and processing model to open up the market for the nascent sustainable seaweed farming industry.

Oceanium’s technical and innovative refinement method has been developed to process seaweed for applications including use in plant-based foods and sustainable packaging material as an alternative to plastic. Oceanium uses cascade refinery techniques to enable the production of home-compostable
packaging materials and climate-friendly food ingredients including protein, fibre and bioactive
nutraceuticals from sustainably farmed seaweed. Seaweed farming is a regenerative form of
aquaculture that absorbs CO2 and nitrogen, increases biodiversity, and can generate additional
income and livelihoods along coastal regions. Further information on the economic and
environmental benefits of sustainable seaweed farming can be found on Oceanium’s website.

Led by Green Angel Syndicate, the UK’s only angel syndicate specialising in the fight against climate
change, WWF, an anchor investor, alongside Syndicate Room, Glass Wall Syndicate members,
Kingfisher Capital, a UHNW family office and “green” angel investors from Europe, the UK and the
US. The round follows early investment from ocean impact VCs Katapult Ocean and Sky Ocean
Ventures, as well as Scottish Enterprise. Legal counsel and support for the funding round came from
Vialex, which has worked with Oceanium since shortly after its inception, providing regular advice
and expertise on corporate, commercial and IP law via their innovative Legal Counsel Service.

Comment:
Oceanium founder Karen Scofield Seal said: “The calibre of investors in this round of funding
highlights the opportunity and obligation we have to create a market for sustainably farmed
seaweed and drive systemic change by providing regenerative food and material sources. We will
continue to work closely with regional and global conservation partners including WWF, Safe
Seaweed Coalition and Seaweed for Europe to ensure we lay the best possible foundations for what
will be a transformative industry, in terms of both economic, societal and environmental impact.

Oceanium’s co-founder and CTO Dr. Charlie Bavington, comments: “Our innovative biorefinery process is built on decades of experience and provides the technology needed to extract the maximum value from the seaweed. By developing products which are in very high demand including plant-based food ingredients and home compostable biopackaging material, we will drive demand for farmed seaweed in UK, Europe and North America.

Paul Dobbins from WWF said: “Oceanium’s pioneering expansion of processing capacity for farmed
seaweed is an exciting step for the industry. Brought to scale, cultivated seaweed could help achieve
conservation goals by providing a nutritious source of food and livestock feed with less land and
resource inputs. Developing an innovative biorefinery process will also help create feedstock for
biodegradable packaging alternatives to petroleum-based plastics.”

Commenting on the environmental and economic opportunity at hand, activist and Oceans 2050 cofounder and activist Alexandra Cousteau said: “Seaweed farming is a form of agriculture that we
humans can practice that is regenerative to the Ocean. Seaweed is a really exciting opportunity right
now.” Oceans 2050’s co-founder and Chief Commercial Officer Megan Reilly Cayten also comments: “In addition to offering benefits to humans as a livelihood, particularly among indigenous communities and women, seaweed sequesters carbon and is effective at absorbing nutrients like nitrogen and phosphorus, and can reverse ‘dead zones’ in our oceans, promoting marine biodiversity.”

www.oceanium.world

For more information or to speak to Oceanium, please contact tom@gongcommunications.com /
07593 584 470

About Oceanium

Co-founded in 2018 by Karen Scofield Seal (CEO) and Dr. Charlie Bavington, (CTO), Oceanium’s
mission is to enable and support the sustainable seaweed farming industry. Oceanium has
developed an innovative, highly technical biorefinery process that maximises the value of the whole
plant, creating products that in are high demand. Oceanium’s technological developments allow it to
purchase and process seaweed efficiently, working with sustainable farmers to stimulate both
supply and demand, unlocking a pinch point in the emerging seaweed farming industry and
generating significant market returns while contributing to five of the UN’s Sustainable Development
Goals.

Oceanium’s first products will be all natural, nutraceutical products for health and nutrition and
personal care, followed by food ingredients fibre and protein. Oceanium’s model combines quality
provenance and traceability, qualities which are essential for plant based food manufacturers and
the wellness industry. Based in Oban with an office in London, Oceanium has had significant support
since it was founded in 2018 including grant funding from Innovate UK, Highlands and Islands
Enterprises, and early investment from ocean impact VCs Sky Ocean Ventures and Katapult Ocean,
and Scottish Enterprise.

£2m

GAS completes deal with seaweed biorefinery company, Oceanium

GAS completes deal with seaweed biorefinery company, Oceanium

By Green Angel Syndicate20 May 2021